ILOSM fam’ we learn something new ’round here everyday and today is NO different. Apparently No Limit Records owner, Master P., has a new boo-thang. She’s being described as his ‘Sugar Mama’ and not only that – ol’ girl got paper, no not the kind you write on, we’re talking about the kind you spend and she’s got a LOT of it.

Word on the old school curb is that Master P.’s new woman made him say “Uuunghhh!” on Valentines Day, when she gave him his $320 THOUSAND gifts…dayumnnn! See details…